Published: Fri, October 13, 2017
Sport | By Gary Shelton

Revenue Forecast of MGM Resorts International (MGM)


There has been an observed change of -1.14% in the ownership of the shares in the past six months.

Let's have a look at some of the important valuation ratios of the MGM Resorts International (MGM).

The stock decreased 2.36% or $0.4 on October 10, reaching $16.55. About 11,715 shares traded. D E Shaw & Inc reported 0.02% of its portfolio in MGM Resorts International (NYSE:MGM). It has outperformed by 28.58% the S&P500. The company's market cap is $17.42 Billion, and the average volume is 10.39 Million. The Company's divisions include Hudson Americas, Hudson Asia Pacific and Hudson Europe.

Since May 1, 2017, it had 0 insider purchases, and 9 selling transactions for $3.33 million activity. Future earnings predictions are perhaps the most essential input when trying to value a company. It is negative, as 45 investors sold MGM Resorts International shares while 137 reduced holdings. 66 funds opened positions while 117 raised stakes. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.28 by $0.03. First Eagle Invest Management Ltd Liability owns 188,445 shares. Amp Capital Investors Ltd has invested 0.05% in MGM Resorts International (NYSE:MGM). After having $0.31 EPS previously, MGM Resorts International's analysts see 9.68 % EPS growth. National Asset stated it has 7,122 shares or 0.04% of all its holdings. Reilly Financial Advisors Limited owns 3,100 shares or 0.01% of their U.S. portfolio. Plante Moran Financial Advsr Ltd Limited Liability Company accumulated 0.01% or 250 shares. 92,781 were reported by Utah Retirement System. $370,375 worth of MGM Resorts International (NYSE:MGM) was sold by Mandekic Anthony Leo on Monday, May 1. Commonwealth Equity Services Inc, a Massachusetts-based fund reported 109,089 shares. Blue Ridge Cap Lc holds 0.94% or 1.72M shares.

Gates Capital Management Inc decreased Mgm Resorts International (MGM) stake by 26.37% reported in 2017Q2 SEC filing.

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Among 13 analysts covering MGM Resorts (NYSE:MGM), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 100% are positive. MGM Resorts had 45 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of MGM Resorts International (NYSE:MGM) earned "Outperform" rating by Telsey Advisory Group on Friday, July 28. The rating was maintained by Stifel Nicolaus on Wednesday, August 30 with "Buy". As per Monday, June 20, the company rating was maintained by Susquehanna. The stock has "Buy" rating by Buckingham Research on Thursday, August 11. The firm has "Buy" rating by Deutsche Bank given on Thursday, July 27. Stifel Nicolaus maintained the stock with "Buy" rating in Friday, February 17 report. The firm has "Outperform" rating by Telsey Advisory Group given on Friday, May 6. The rating was maintained by Jefferies on Friday, May 27 with "Hold". The rating was maintained by JP Morgan on Tuesday, October 13 with "Overweight". Hoplite Capital Management Lp bought 74,943 shares as the company's stock rose 17.48% with the market. $312,773 worth of MGM Resorts International (NYSE:MGM) was sold by McManus John on Friday, May 19. 21,441 shares were sold by SANDERS COREY IAN, worth $677,570. $369,247 worth of MGM Resorts International (NYSE:MGM) was sold by TAYLOR DANIEL J. Mckinley Capital Mgmt Limited Liability Company Delaware holds 1% of its portfolio in MGM Resorts International (NYSE:MGM) for 853,313 shares.

MGM Resorts International (MGM)'s distance from 200 day simple moving average is 2.1 percent, its distance from 50 day simple moving average is -3.1 percent, while its distance from 20 day simple moving average is -2.85 percent. Dubuque Savings Bank Company reported 0.01% of its portfolio in MGM Resorts International (NYSE:MGM).

Whereas they predicted High and Low Earnings Estimate as $0.42 and $0.21 respectively. MGM's profit will be $195.48 million for 22.47 P/E if the $0.34 EPS becomes a reality. After $0.31 actual EPS reported by MGM Resorts International for the previous quarter, Wall Street now forecasts 9.68% EPS growth.

According to Finviz reported data, The SMA20 of the stock is at -2.85 percent, SMA50 is -3.1 percent, while SMA200 is 2.1 percent. Capital Fund Mngmt Sa holds 202,193 shares. Smithfield Tru Co owns 1,522 shares. Td Asset Management invested in 0.03% or 575,452 shares. The Illinois-based Calamos Wealth Management Llc has invested 0.03% in the stock. The stock declined 2.47% or $0.39 reaching $15.37 per share.

Analysts await Libbey Inc. MGM generated revenue of $2.93 Billion in the same quarter, one year ago. Another trade for 10,046 shares valued at $317,052 was made by SELWOOD ROBERT on Thursday, May 25.

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